OPEN-SOURCE SCRIPT
Revolution Kagi Reversal Amount Indicator
This is one of my favorite indicators. You simply type in the significant price levels for whatever asset you are trading and it will plot pivots accordingly. As in title, the indicator is based on the fantastic Kagi reversal indicator.
For instance, if, say, brent crude oil is trading at $60, you can assume that $10 and $5 will be significant price levels. If gold is trading at $1500, $100 and $500 might be significant and so on.
For instance, if, say, brent crude oil is trading at $60, you can assume that $10 and $5 will be significant price levels. If gold is trading at $1500, $100 and $500 might be significant and so on.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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